Is Anderson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Anderson County has remained a Seller's Market.

Key Takeaway

Anderson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Anderson County, TN

How much do homes in Anderson County, TN cost?

Median Sold Price

$335,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+11.7%)

Key Takeaway

Homes in Anderson County have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Anderson County was $335,000 in October 2024, up 11.7% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227K$196K
-13.7%
2 $199.9K$219.9K
+10.0%
3 $299.8K$319.9K
+6.7%
4 $389.5K$417.5K
+7.2%
5+ $564.8K$584.6K
+3.5%

Summary: Anderson County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Counties

Campbell County
+16.5%
Anderson County
+11.7%
Scott County
+10.7%
Knox County
+6.8%
Union County
+3.4%

Housing Supply in Anderson County, TN

How many homes are available in Anderson County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
323311-3.7%

Summary: The Anderson County real estate market had 311 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 4840
-16.7%
3 177171
-3.4%
4 6567
+3.1%
5+ 2626
0.0%

Summary: The Anderson County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7376+4.1%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson County, you may be able to get a good deal. 46.1% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Anderson County in October 2024, up by 4.1% month-over-month. Of the 76 sold homes, 46% were sold under asking, 39% were sold at asking, and 14% were sold over asking.

Days on Market for Anderson County, TN

How long does it take to sell a home in Anderson County, TN?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days40 Days+65.7%

Summary: Homes in Anderson County had an average of 40 days on market in Oct 2024, up by 65.7% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 76 homes were sold in Anderson County; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Anderson County, TN

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